Meeting Details

The 39th Annual General Meeting was held on Wednesday, 29th July 2026 at 3:30 PM (IST) through Video Conference (VC)/Other Audio-Visual Means (OAVM). The meeting concluded at 4:42 PM (IST).

Proposed Resolutions and Implications

Six resolutions were proposed and approved:

1. Adoption of Audited Financial Statements for FY ended 31st March 2026 with Directors' and Auditors' reports

2. Declaration of final dividend of ₹25 per equity share of ₹10 each (250%)

3. Re-appointment of Mr. B Mohan (DIN: 00261434) as Director retiring by rotation

4. Appointment of Mr. Curtis Evan Jewell (DIN: 11666741) as Non-Executive Nominee Director effective 1st May 2026

5. Ratification of remuneration of ₹5,50,000 plus expenses payable to Cost Auditors M/s. Geeyes & Co. for FY 2026-27

6. Approval for payment of commission not exceeding 1% of net profits to Independent Directors for five years from 1st April 2026 to 31st March 2031

Voting Process and Methods

Remote e-voting was conducted through National Securities Depository Limited (NSDL) from 26th July 2026 at 09:00 IST to 28th July 2026 at 17:00 IST. Members who didn't vote remotely could vote during the AGM up to 15 minutes after its conclusion (until 16:57 IST).

Key Voting Outcomes

Overall Participation:

  • Total shareholders on record date (23rd July 2026): 20,846
  • Total votes cast: 13,574,182 shares (88.184% of outstanding shares)
  • Promoter & Promoter Group attendance: 3 members via VC/OAVM
  • Public attendance: 46 members via VC/OAVM

Resolution-wise Results:

Item 1 - Adoption of Accounts:

  • Votes in favor: 13,574,113 (99.9998%)
  • Votes against: 30 (0.0002%)
  • Invalid votes: 0

Item 2 - Dividend Declaration:

  • Votes in favor: 13,574,153 (99.9998%)
  • Votes against: 29 (0.0002%)
  • Invalid votes: 0

Item 3 - Re-appointment of Mr. B Mohan:

  • Votes in favor: 13,561,764 (99.9085%)
  • Votes against: 12,418 (0.0915%)
  • Invalid votes: 0

Item 4 - Appointment of Mr. Curtis Evan Jewell:

  • Votes in favor: 13,561,117 (99.9038%)
  • Votes against: 13,065 (0.0962%)
  • Invalid votes: 0

Item 5 - Ratification of Cost Auditor Remuneration:

  • Votes in favor: 13,574,153 (99.9998%)
  • Votes against: 29 (0.0002%)
  • Invalid votes: 0

Item 6 - Commission to Independent Directors:

  • Votes in favor: 13,573,398 (99.9942%)
  • Votes against: 784 (0.0058%)
  • Invalid votes: 0

Category-wise Voting Breakdown:

  • Promoter & Promoter Group (11,347,960 shares): 100% voted in favor on all resolutions
  • Public Institutions (2,201,013 shares): 97.32% participation, predominantly in favor
  • Public Non-Institutions (1,844,047 shares): 4.56% participation, predominantly in favor

Scrutinizer's Role and Findings

Mr. V. Mahesh, Practicing Company Secretary of V. Mahesh & Associates, was appointed as Scrutinizer by the Board of Directors on 27th May 2026. He submitted his report dated 29th July 2026, confirming:

  • The e-voting process complied with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • All votes were properly scrutinized using reports generated from NSDL's e-voting system
  • No invalid votes were cast in any resolution
  • All resolutions were duly passed with requisite majority

Compliance Confirmation

The disclosure confirms compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant provisions of the Companies Act, 2013.